Re:More articles like this please (Score 1)

I don't know of any actual studies, but there has been a LOT of anecdotal evidence in the physics community that says the bright kids who could have been physicists have been migrating to Wall Street for the past decade or so. This brings to mind a column in the NYTimes this morning* about that popular topic, compensation in the financial industry... The columnist, Floyd Norris, points out that the problem is not really that finance folks are overpaid; the problem is that there is so much money available to pay them, since profits in the finance industry have shot up, far in excess of anything in the past. The climb began in 1990. Um, let's see, what happened in 1990, I think somebody was elected President... oddly, among many possible causes for the sudden surge of money to the rich, Norris fails to mention the lapse of any regulation (not only were legal regulations reduced, but actual enforcement of existing regulations all but disappeared). *http://www.nytimes.com/2009/10/30/business/30norris.html?_r=1&ref=business